Tag Archives: Utica drilling

Across the oil-rich Utica and the natural gas fields of the Marcellus, a slight increase in drilling permits could indicate drillers see hope in further production and development in Ohio and Pennsylvania. Susan Crowell from Farm and Dairy notes that greatest number of permists were issued in Belmont County, Ohio and Washington County, Pennsylvania. Since the shale play was discovered, ...

Yesterday Chesapeake Energy (NYSE:CHK) stock bounced back after its quarterly report was released. Investor confidence increased as assets were sold off and the company’s liquidity increased. Chesapeake should be able to pay its upcoming debts with the cash from the asset sales. Agreements to sell $700 million in gas fields and other assets were made. The company plans to sell between ...

As drilling across the northern Utica continues to yield promising results, area residents are showing more and more interest in how the industry will affect the northern half of Pennsylvania. The Potter County Natural Gas Resource Center sponsored award-winning Penn State geoscientist Dr. Terry Engelder, who came to speak in Coudersport on Tuesday to address this very issue. Dr. Engelder’s ...

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